Post-World Cup boom anticipated for UK property

Activity in the UK property market is set to increase after the World Cup, following the traditional dip that is seen during the tournament, according to haart estate agents.

The company has analysed data from World Cups for the last 20 years, finding that the number of house transactions is likely to be less than the usual average during the tournament, but will pick up again afterwards.

Overall, a 1.3 per cent decrease in housing market activity was measured, with 1,600 less monthly housing transactions taking place in the June of World Cup years.

In the August of these years, however, demand traditionally increases substantially, with an average increase in activity of 4.1 per cent being measured, Mortgage Advisor magazine reports.

Russell Jervis, managing director of haart, said: “Potential buyers and sellers should consider entering the market now and being a step ahead of the post-tournament rush, as it could be an excellent time to snap up a great deal amidst the football fever.”

Another interesting finding of the survey showed that the level of activity in the UK property market is influenced by how well England perform, with degrees of increase and decrease occurring more sharply during the tournaments where England perform well.

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